Varsity Brands, the parent of BSN Sports and Varsity Spirit, is exploring a sale or initial public offering (IPO) that could value the company at more than $6 billion, including debt, sources told Reuters.
Author: SGB Media
Great Britain Q3 Golf Rounds Played Gives Lift to YTD Trend
Sporting Insights noted that January was the only month in 2023 that saw a dip against 2019 figures, while the remainder of the year has, so far, seen 2023 track, and often exceeded, the “booming totals” seen outside lockdowns during the period 2020/22.
Paka releases Fully Traceable, Ethically Sourced Apu Parka
Paka, the maker of alpaca apparel, launched its “ethically-insulated” jacket—the Apu Parka. The patent-pending insulation is fully traceable, ethically sourced from local ‘alpaqueros’ and proves a more sustainable future for the clothing industry.
Free Fly Signs Surf Icon Mark Healey to Team
Free Fly, the family-owned brand and manufacturer of performance bamboo apparel, reported it signed big-wave surfer, free diver, and spear-fisherman Mark Healey as its first surf athlete and ambassador.
On Third Quarter Sales Jump 46.5 Percent and Diluted EPS Triples
On’s DTC channel recorded growth of 54.6 percent to CHF 164.7 million when compared to Q3 2022, reflecting “the strength of the On brand and ongoing ambition for DTC to outgrow wholesale.” Wholesale channel sales increased 42.6 percent to CHF 315.7 million.
Backcountry To Broaden Reach Going Wholesale With In-House Brand
Backcountry, the online specialty retailer for outdoor gear and apparel, reported it will expand its wholesale business, starting with its in-house Backcountry brand, selling since 2018, through select nationwide retailers, beginning in fall 2024.
Fleet Feet Fort Myers Acquires Run Florida on McGregor
Fleet Feet Fort Myers owners Janene and Brian Urichko agreed to purchase Run Florida On McGregor from friend and owner John Rinkenbaugh, who will join Fleet Feet Fort Myers as an outfitter.
EXEC: Giant Group October Sales Fall One-Third, Adds to Negative YTD Trend
The Taiwanese bike brand said that although they saw strong growth from the China domestic market, the weak demand from the U.S. and Europe markets for entry to mid-level products and the high inventories in the channel resulted in a 12.4 percent decline in YTD sales.
EXEC: Dunlop Sports Sees Surging Q3 Profit Despite Moderate Sales Gain
For the third quarter, the Sports business was up 3 percent to ¥29.1 billion, after growing 19 percent in Q1 and 3 percent in Q2. Segment business profit was up 20 percent in the third quarter, to ¥2.5 billion.
Decathlon’s Kipsta Brand Signs Football Supply Deal with UEFA
Kipsta, the Decathlon-owned global football brand, will replace Molten as the official ball supplier of the Uefa Europa League and Conference League in the next three-year cycle.
Amped Fitness Adds Five Locations Across Florida
Amped Fitness announced the opening dates of five new gyms in Florida. The former fitness centers were acquired earlier this year and have since undergone a renovation.
Birkenstock’s Debt Ratings Upgraded
S&P Global Ratings raised its debt ratings on Birkenstock following debt repayments using proceeds from its recent initial public offering.
Comfort Ones Shoes Acquires Saxon Shoes
Comfort Ones Shoes, the independent footwear chain based in Alexandria, VA., has acquired Saxon Shoes, based in Richmond, VA.
EXEC: YTD Footwear Shipments Fall Nearly 25 Percent at Yue Yuen
Year-to-date revenue attributable to footwear manufacturing activity, including athletic/outdoor shoes, casual shoes and sports sandals, decreased by 20.4 percent to US$3.50 billion as average selling prices rose in mid single digits.
Camping World to Acquire Sixth Missouri RV Dealer
Camping World Holdings, Inc. announced that the company will acquire Youngblood RV in Springfield, MO. The deal is expected to close in the first quarter of 2024, increasing the Camping World’s Missouri locations to six.
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